SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 1998
The Stanley Works
(Exact name of registrant as specified in charter)
Connecticut 1-5224 06-058860
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1000 Stanley Drive, New Britain, Connecticut 06053
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(860) 225-5111
Not Applicable
(Former name or former address, if changed since last report)
Page 1 of 5 Pages
Exhibit Index is located on Page 4
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Item 5. Other Events.
1. The Registrant announced today the appointment of John M.
Turner as President, Consumer Sales Americas, effective December 31, 1998. Mr.
Turner is succeeding Thomas E. Mahoney, Jr. who is retiring at the end of the
year. Attached as Exhibit (20)(i) is a copy of the Registrant's press release.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) 20(i) Press Release dated November 5, 1998 announcing the
appointment of John M. Turner and the retirement of
Thomas E. Mahoney, Jr.
Page 2 of 5 Pages
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE STANLEY WORKS
Date: November 5, 1998 By: STEPHEN S. WEDDLE
Name: Stephen S. Weddle
Title: Vice President, General
Counsel and Secretary
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EXHIBIT INDEX
Current Report on Form 8-K
Dated November 5, 1998
Exhibit No. Page
20(i) 5
Page 4 of 5 Pages
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Exhibit (20) (i)
The Stanley Works Names John Turner
President, Consumer Sales Americas
New Britain, Conn., November 5, 1998: The Stanley Works (NYSE: "SWK")
today announced the appointment of John M. Turner, 52, as President, Consumer
Sales Americas, effective December 1, 1998.
Turner has been Vice President, Global Sales for Federal Express
Corporation since 1994. In that role, he was responsible for establishing a
sales organization which today generates more than $4 billion in revenues from
corporate accounts. In 1996, his organization received the "Best Sales Force
Award" from Sales and Marketing Management magazine. Turner joined FedEx in 1984
following an 11-year sales career with Xerox. In 1987, after progressing rapidly
through two regional sales management positions, he was assigned to establish a
government sales division. This division increased government sales from $11
million to $200 million.
"John Turner brings us broad sales experience from two world-class
companies and a proven track record for driving growth and building teams," said
John M. Trani, Stanley Chairman and CEO. "He is the ideal leader to help us grow
revenues at twice the industry rate."
Turner holds a B.S. in Business and Marketing from the State University
of New York. He succeeds Thomas E. Mahoney, Jr., who is retiring at the end of
the year after 33 years of outstanding service in a wide variety of Stanley
leadership positions.
Contact: Vance Meyer, office (860) 827-3871; home (203) 795-0581
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